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We repurchased 288,930 shares of $STRC for $25M at an average price of $86.52 per share. We intend to remain a regular, disciplined buyer of STRC below $100. More at deeper discounts, less as STRC nears $100. Another $975M remains available for our prefs. strategy.com/press/strategy…

Global money supply is on the rise again. Yet gold is not following. I was fascinated by the chart from @TaviCosta (second chart) showing that global money supply and the price of gold have historically moved closely together. As you can see, the two have clearly decoupled. To me, that points to a compelling opportunity to start investing in gold (still few investors hold a position in gold), or to increase your existing allocation. In my book, The Great Rebalancing, I examined the relationship between changes in global money supply and the price of gold. As the chart below (first chart) shows, the correlation between money supply growth and the change in the gold price over the following twelve months has historically been remarkably strong. With governments now entering a period of massive debt refinancing, roughly five years after COVID triggered an unprecedented surge in public debt, significant liquidity (meaning money supply growth) will be needed to ensure these refinancings do not destabilize the financial system. I am convinced that, simply to avoid another financial crisis, global money supply will have to keep expanding. If history is any guide and the gap between gold and money supply eventually closes, the upside for gold looks to be substantial. I don't know when that will materialize. I don't have a crystal ball. What I do know is that the odds of continued money supply growth are high. Combined with the historically extremely strong relationship between future money supply growth and changes in the price of gold, that gives me strong conviction that the current disconnect between gold and global money supply cannot persist.

ICYMI (@DividendVisions Blog) - Beginner Basics On Autocallable ETFs, including $VAIE by @VegaSharesETFs: dividendvision.com/blog/autocalla… #Autocallables #Autocallable #ETF #ETFs @SunnyWong111 @adamtstempel #Income #IncomeInvesting #Funds